David Ricardo, financier and empirical economist

@article{Davis2002DavidRF,
  title={David Ricardo, financier and empirical economist},
  author={Timothy Davis},
  journal={The European Journal of the History of Economic Thought},
  year={2002},
  volume={9},
  pages={1 - 16}
}
  • Timothy Davis
  • Published 2002
  • Economics
  • The European Journal of the History of Economic Thought
Historians of economic thought often criticize David Ricardo on the grounds that he lacked factual knowledge of Britain's economy, and that he recommended irresponsible policies in reliance on the axioms of Say's Law and the Quantity Theory of Money. This article establishes that Ricardo was well informed about business conditions in Britain. His livelihood depended on being able to predict, months in advance, the state of financial markets. This, in turn, meant predicting changes in the money… Expand
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